Collectables and personal-use asset rules are changing

With the 30 June 2016 end date for the collectable and personal-use asset grandfathering rules just around the corner, it is critical that SMSF trustees holding any of these assets acquired before 1 July 2011 are complying with the new collectable and personal-use asset holding rules. ¬†Accordingly, we have prepared a client flyer which can be “white labelled” and used to advise your clients on the impending deadline for collectable and personal-use assets and assist them in meeting their obligations as SMSF trustees.

At the time of publishing, the contents of this resource were accurate and correct.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association